All six operators united in their appreciation of the proposed changes, undertake to cooperate fully with the government.
Business
Concessions cut to 10 years, leasing space to junkets banned, gross gaming revenue tax rate stays at 35 per cent.
Changes likely to have significant effect on the gaming industry which is Macao’s financial mainstay.
Better than 2020, but still way down on 2019, the better-than-expected figures are largely due to relaxed border controls.
Overseas investors may buy shares in start-ups and take part in private placements by listed companies, private equity and venture capital products.
Revamp includes automated room reservation service with artificial intelligence-powered voice agents and smart dial-in and dial-out system.
Respondents favour six concessions, reducing the licence to less than 20 years, and appointing government representatives.
Gaming operator says it aims to support development of both Greater Bay Area and Macao’s financial market.
Gaming operator looks to mass market for the future, with rival operation expected to follow suit.